Sharplink Gaming Inc. saw its stock rise approximately 28.07% during the previous trading session, closing at $11.98**—a significant jump from its opening price of **$9.50 and nearing an intraday high of $12.44**. This surge is widely attributed to the company’s recent acquisition of an additional **$2 million worth of Ethereum (ETH), reinforcing investor confidence in its long-term digital asset strategy.
According to a July 3, 2025, post by Arkham Intelligence on X (formerly Twitter), Sharplink Gaming now holds a total of $485 million in Ethereum assets, marking a strategic escalation in its treasury diversification efforts.
"Sharplink Gaming now holds $458M in ETH
They just deployed another $2M of ETH into LSETH. They now hold $458M in LSETH.
Will they stop buying?"
— Arkham (@arkhamintel), July 2, 2025
This consistent accumulation of ETH underscores Sharplink’s deepening commitment to blockchain-based financial infrastructure and has played a pivotal role in driving market sentiment.
👉 Discover how companies are leveraging Ethereum for long-term growth
Strategic Investment in Ethereum
In May 2025, Sharplink announced a $425 million private placement led by Consensys Software Inc., with Ethereum designated as the primary reserve asset. This move positioned Sharplink as one of the few publicly traded gaming companies embracing crypto-native treasury management.
Between May 30 and June 12, 2025, the company raised $79 million through an at-the-market (ATM) equity offering program. These funds were strategically allocated toward expanding its Ethereum holdings and integrating blockchain technology into core operations.
What sets Sharplink apart is not just how much ETH it holds—but how it uses it. Over 90% of its Ethereum holdings are actively staked, contributing to Ethereum’s network security while generating yield through liquid staking derivatives like LSETH.
As of June 22, 2025, the company had earned 222 ETH in staking rewards, equivalent to over $570,000 at current prices. This passive income stream enhances shareholder value without diluting ownership or relying solely on traditional revenue models.
Integrating Web3 into iGaming
Sharplink isn’t merely holding Ethereum—it’s building on it. The company plans to integrate Ethereum’s blockchain technologies, including:
- Smart contracts
- Decentralized finance (DeFi) protocols
- Web3 infrastructure
…directly into its iGaming and sports betting platforms. This integration aims to deliver:
- Transparent odds and provably fair gameplay
- Faster, lower-cost cross-border transactions
- NFT-based loyalty programs and digital collectibles
- User-owned gaming identities via decentralized accounts
Such innovations align with growing consumer demand for transparency and ownership in online entertainment—trends that are reshaping the future of digital gaming.
👉 Explore how blockchain is transforming the gaming industry
Why Ethereum? Market Trends and Outlook
To understand Sharplink’s strategic bet, it’s essential to examine Ethereum’s broader market performance.
As of this report, Ethereum trades at $2,599**, up **6.24%** in the past 24 hours and nearly **4.77% higher** week-over-week. With a market cap of **$313.6 billion and a 24-hour trading volume exceeding $23.8 billion, ETH remains the backbone of the decentralized economy.
Key Price Levels to Watch
- Current Support: $2,432 (24-hour low)
- Intraday High: $2,616
- Near-Term Resistance: $2,785 → $2,966 → $3,259
- Weekly Resistance: $4,048 → $4,522
Over the past 30 days, Ethereum has traded between $2,116 and $2,877, showing strong volatility and bullish momentum. While it has yet to reclaim the psychological $3,000 mark, technical indicators suggest upward pressure is building.
Notably, ETH is currently trading above its 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMAs)—a strong signal of sustained bullish sentiment across multiple timeframes.
Despite a 29% decline over the past six months and a 23% year-to-date drop, Ethereum continues to dominate the smart contract platform space, accounting for 9.39% of total crypto market dominance.
However, this dominance has seen a slight dip—down 2.35% in the last month, 27% over six months, and 26% YTD—as competing Layer 1 blockchains gain traction. Still, Ethereum’s robust developer ecosystem and upcoming protocol upgrades (e.g., EIP-4844, further rollup scaling) keep it at the forefront of innovation.
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- Sharplink stock
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These terms reflect both investor interest and technological trends shaping the convergence of finance and digital entertainment.
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Frequently Asked Questions (FAQ)
Q: Why did Sharplink stock go up 28%?
A: The surge was triggered by news that Sharplink added $2 million in Ethereum to its treasury, bringing its total ETH holdings to $485 million. Investors view this as a strong signal of confidence in Ethereum’s long-term value and Sharplink’s innovative financial strategy.
Q: How does staking Ethereum benefit Sharplink?
A: By staking over 90% of its ETH holdings, Sharplink earns yield (currently 222 ETH) while supporting Ethereum’s network security. This generates recurring revenue without selling shares or assets, enhancing profitability and investor appeal.
Q: Is Sharplink a cryptocurrency company?
A: No—Sharplink is primarily an iGaming and sports betting company that has adopted Ethereum as a core treasury asset and is integrating blockchain technologies into its operations. It bridges traditional gaming with Web3 innovation.
Q: What is LSETH?
A: LSETH refers to liquid staking derivatives of Ethereum—tokens that represent staked ETH and can be used in DeFi applications. This allows Sharplink to earn staking rewards while maintaining liquidity for strategic investments.
Q: Can Ethereum reach $3,000 again?
A: Analysts believe so. With strong technical indicators, growing institutional adoption, and ongoing network upgrades, many forecasters expect Ethereum to test resistance levels near $2,785–$3,259 in the coming weeks if bullish momentum continues.
Q: How does Sharplink plan to use Web3 in gaming?
A: The company aims to use smart contracts for transparent gameplay, DeFi for seamless payouts, and NFTs for digital ownership of in-game assets. These features enhance trust, reduce fraud, and create new monetization opportunities for players and developers alike.
Sharplink’s bold embrace of Ethereum reflects a broader shift in corporate strategy—one where forward-thinking companies leverage blockchain not just as an investment vehicle, but as a foundational layer for next-generation digital experiences. As the lines between finance, technology, and entertainment blur, firms like Sharplink are setting the pace for what’s possible in the Web3 era.